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Michael Spence, a Nobel laureate in economics, is Professor of Economics at NYU’s Stern School of Business, Distinguished Visiting Fellow at the Council on Foreign Relations, Senior Fellow at the Hoover Institution at Stanford University, Advisory Board Co-Chair of the Asia Global Institute in Hong Kong, and Chair of the World Economic Forum Global Agenda Council on New Growth Models. He was the chairman of the independent Commission on Growth and Development, an international body that from 2006-2010 analyzed opportunities for global economic growth, and is the author of The Next Convergence – The Future of Economic Growth in a Multispeed World.

Prof. Spence towers like a giant jini over the cognitive flea circus that is the Hoover Institution, and if he took his analysis to it's logical conclusion by recognizing how voluntary functional collectivization will inevitably subvert many of the economic patterns constituting capitalism, the HooverDrome would decamp and seek sanctuary in Donald Trump's scalp.

The problems with this more community ans social business models are that this companies are run by immoral psychopaths who don't give a damn about communities, morals, or whats right or wrong for our society.

People that think this are the good guys, never saw them . How absolute anointed they think they are, how immoral and egocentric.

They will bring this unicorns to the top, fueled by the social responsible models, and then they will squeeze every penny out of everybody, like they are doing now.

The good thing is that because the entry barriers are very low, they soon will be replaced by the new ones, leaving wall street puzzled on how they got ripped of by such a simple scheme.

In the end is psicopaths fooling other psicopaths and us getting ripped of by the promises of low price and high service..

The early adopters of the power of mass sharing and its potential to shape trajectories are growing so fast that they become the new huddles for further sharing. Their business models are so successful that new entrants find it hard to compete and some end up being bought by the established ones as 'start-up acquisition'.
This I think is a huddle the new sharing economy ought to deal with if it is to avoid the pitfalls of the current centralized capital model.

The Sharing Economy we see today offers one of the first glimmers of something that will (must) dominate the future just as the first glimmers of what became mass production offered a preview of what would dominate a world that no longer required most people to be farmers. The Sharing Economy stands in relation to our future as capitalized Cottage Industry once stood in relation to what become mass production.

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